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Lake Winnibigoshish Land Exchange Act of 2024

Source: Congress.gov  ·  1,263 words in original text
This bill authorizes a land exchange in Minnesota where a private company called Big Winnie Land and Timber, LLC (BWLT) can trade approximately 36.7 acres of non-federal land to the U.S. government in exchange for approximately 17.5 acres of federal land located in the Chippewa National Forest. The exchanged federal land will become part of the Chippewa National Forest after the trade is complete. ##
- Big Winnie Land and Timber, LLC (the private company making the land trade) - The Secretary of Agriculture and the Forest Service (the federal agency managing the exchange) - The general public (who will have access to the newly acquired federal land) ##
- The Secretary of Agriculture must accept BWLT's offer to trade land and complete the exchange within one year of receiving the offer. The federal land being transferred includes a reserved easement (a right to use the land for a specific purpose) allowing road access to National Forest System land west of the federal property being traded (Sec. 3(a)). - If the federal land is worth more money than the non-federal land BWLT is offering, BWLT must make a cash payment to equalize the values. However, if BWLT's land is worth more, the U.S. government waives any payment it would normally owe, and that extra value counts as a donation (Sec. 3(c)). - BWLT must complete a Phase I Environmental Site Assessment (a professional inspection for environmental problems) and provide it to the Secretary before the government accepts the non-federal land (Sec. 3(b)(3)). - An independent appraiser agreed to by both the Secretary and BWLT must determine the value of both pieces of land using federal appraisal standards (Sec. 3(d)). - BWLT must pay all closing costs for the exchange, including title insurance, title search fees, inspection fees, escrow fees, attorney fees, recording fees, and environmental assessments (Sec. 3(h)). - BWLT must pay for and complete surveys that determine the exact acreage and legal descriptions of both the federal and non-federal land (Sec. 3(i)). ##
If this bill becomes law, the U.S. government will gain approximately 36.7 acres of non-federal land in Itasca County, Minnesota. This acquired land will be added to and managed as part of the Chippewa National Forest under all applicable federal forest laws and regulations. BWLT will receive approximately 17.5 acres of federal land from the Chippewa National Forest (minus a road access easement reserved for the government). ##
- **BWLT** means Big Winnie Land and Timber, LLC, a Minnesota Limited Liability Corporation (a business structure where members have limited legal responsibility) - **Federal land** means approximately 17.5 acres of federal property in Itasca County, Minnesota, shown on the map as the "Federal Parcel" - **Non-Federal land** means approximately 36.7 acres of private property in Itasca County, Minnesota, shown on the map as the "Non-Federal Parcel" - **Secretary** means the Secretary of Agriculture acting through the Chief of the Forest Service ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.